Music Publishing Market by Technology Innovations and Growth 2021 to 2026 -Sony/ATV Music Publishing LLC, Disney Music, Universal Music Publishing Group
The report contains in-depth information on all the major aspects of the global Music Publishing market. This report contains key information such as facts and figures, market research, market analysis, SWOT Analysis, risk analysis, competitive landscape, regional analysis and growth estimates. The report also contains qualitative and quantitative research which gives you a detailed overview of the global Music Publishing market. This latest market research report contains an extensive analysis of micro and macroeconomic indicators affecting the development of the global market in the forecast period. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors.
The Music Publishing market was valued at USD 4813.9 million in 2020 and is expected to reach USD 7265.02 million by 2026 and grow at a CAGR of 7.1% over the forecast period (2021-2026).
Covid-19 Impact and Recovery Analysis:
The global Music Publishing market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
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Some of the Prominent Players in the Global Music Publishing Market: Sony/ATV Music Publishing LLC, Disney Music, Universal Music Publishing Group, among others.
- May 2019 - Logic Signs Exclusive Publishing Deal with Universal Music Publishing Group.
- May 2019- Sony/ATV Music Publishing has signed a worldwide deal with Troy Carter and J. Ervings new music and technology company, Q&A. Under the partnership, the worlds leading music publisher will administer the music publishing catalog of Q&A, which was launched in April by Carter, Erving, and co-founder Suzy Ryoo along with Tim Luckow.
- The growing popularity of music streaming devices is set to drive the market. According to IFPI, there is a year-on-year growth of 45.5% in paid media streaming and 176 million users for paid subscriptions. Moreover, the music publishing market revenue generates 38.4% of its revenue from streaming.
- An increasing number of concerts and live performances, globally, is also another factor driving the market. In the United States, alone, around 50 big music festivals have been organized in 2019.
- Digital music is also set to drive the market, as digital revenue is growing and accounted for approximately 54% share of the total recorded music industry revenue worldwide, in 2018.
Key Market Trends
Digital Revenue has the Largest Growth in the Market
- Digital revenue grew by 19.1% to USD 9.4 billion and accounted for over half (54% share) of the total recorded music industry revenue worldwide, according to IFPI. Streaming has been a key driver in the market, up by 41.1%, with paid subscription audio streams up by 45.5%, according to IFPI.
- The evolution of streaming has not just been embraced by the music industry, it has been proactively driven by it. Streamings growth is just one chapter in the business that is focused on maximizing the opportunities offered by advances in technology and has developed relationships with the biggest and most forward-thinking companies in the technology sector
- In the past few years, voice control has moved rapidly up the industry agenda and into peoples homes, widely seen as the point at which smart speakers went mainstream. According to Microsoft, in 2018, the percentage of respondents who owned a smart home speaker increased by 22%. In 2018, the Microsoft survey found that 23% of the respondents owned a smart speaker, with another 30% planning to purchase. In January 2019, the Microsoft survey found that 45% of the respondents owned a smart speaker, with an additional 26% planning to purchase one soon.
The report offers an in-depth assessment of the growth and other aspects of the Music Publishing market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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The report provides insights on the following pointers:
-Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Music Publishing market
-Market Development: Comprehensive information about lucrative markets - the report analyses the Music Publishing market across varied regions
-Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Music Publishing market
-Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the Music Publishing market
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